In this educational articles, I will teach you the best price action patterns for Trend-Following Trading. 📍Ascending & Descending Triangles The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish. The pattern consist of 2 main elements: a horizontal neckline based on the...
Hey guys! Today we'll have a look at chart patterns - which ones are the most popular, what do they look like, and how you can leverage them in your own trading! Chart patterns are technical analysis tools used to predict price movements based on chart formations. There are two main types of chart patterns - reversal patterns and continuation patterns . ...
🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge...
Hello, my dear friends and happy New Year! I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together! Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
Descending triangle formation is a classic reversal pattern. It signifies the weakness of buyers in a bullish trend and bearish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bullish trend the price sets a higher high and retraces setting a higher low. Then the market starts growing again but does not manage to set a new...
Hello All, I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope 1. Indicator components 2. Detailed settings 3. Few key features 4. Info about trading different patterns included I could not cover alerts in the video due to time constraints. But, alerts is same as that of ...
●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T) __________________________ ❗️❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨 ● A triangle always subdivides into five waves. ● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag . ● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle. ❗️ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Usually,...
United States Inflation Rate, Year-over-Year, 1914-2022 chart ---------------------------------------------------------------- Why do I think inflation will go down to 0%? Inflation is currently at the main trendline (established in 1920). This is a very strong resistance, and as a general rule, do not short a support or long a resistance. In other words, you...
Learn how to identify a triangle. The meaning behind this pattern explained. Entry/stop/entry selection rules. Real market example included. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
For this reason, we added it with the number 2 because we are in section 2-3 of the Fibonacci series 1-find exactly target af The last wave 2-square root of that 3-Using the previous major wave This video is just to show the power of mathematics in this market to find targets and to show the importance of the Fibonacci series. Important note: Do not use this...
• Triangle pattern explained + measurement method • On the weekly chart, while ago, a triangle formation can be seen • Breakout can be either way • In the above case, the breakout was to the upside, supported by strong fundamentals in favor of the dollar • Traders should wait for a successful breakout before placing any trade • Breakout was confirmed by several...
Find a Bitcoin target in a specific situation Note that this calculation method is used in expansion mode and under other special conditions. This video is made only to show the very important role of mathematics and number theory in this market and its purpose is not to teach good luck V
❗️The triangle is one of the most common and reliable figures of graphical analysis. This is a strong pattern that can bring you a lot of points of profit if you approach its trading correctly. ✅What is a triangle pattern? ⚠️A triangle pattern is a pattern formed on a price chart. It is usually identified when the tops and bottoms of the price move towards...
Hey traders, In this post, we will discuss 3 simple and profitable types of a triangle pattern. 1️⃣The first type of triangle is called a descending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend. Setting a new higher high the market retraces and sets a higher low, then bulls start pushing...
Triangles are corrective patterns and diagonals are motive patterns. Upon completing a triangular pattern the trend resumes. Ending diagonal marks the end of a major wave or a trend and signals upcoming trend reversal or major correction. Leading diagonal marks the start of a major wave or a trend after a major correction or reversal to previous trend. After a...
After price closes above trend line, enter at the closing price of the breakout candlestick. Set target (take profit) at the next horizontal support resistance level. Enter after price retests trendline.
Hello traders, As you can see in the above chart of GBPAUD 4 Hrs there is formed multiple pattern. We just need to see carefully to find out these pattern. All of the above patterns are clearly visible and easy to trade. 1. Symmetrical Triangle : Symmetrical triangle pattern is continuation pattern. Symmetrical triangle pattern is formed when price make lower...
Chart patterns detection needs an extensive learning process and experience, no matter if you are a human or a machine! Machine Learning Workflow: There are five core tasks in the common ML workflow: 1. Get Data 2. Clean, Prepare & Manipulate Data 3. Train Model 4. Test Model 5. Improve Since the chart patterns, beta version indicator has been released, I...